Mixed-use building consisting of 5 units, including 4 residential apartments (1 x 7½, 1 x 4½, 1 x 3½, 1 x 1½) and one commercial space on the ground floor, ideally located in the heart of the Plateau Mont-Royal. The units offer functional layouts and good living areas, with some having been maintained over the years while others present value-add potential. The property is fully leased with active leases in place, including a commercial tenant with a lease extending to 2027, providing stable income. Prime location within walking distance of Sherbrooke metro station and close to numerous shops, restaurants, institutions, and Mount Royal, supporting strong rental demand and long-term appreciation.
Prime location in the Plateau Mont-Royal, within walking distance of Sherbrooke metro, schools, grocery stores, restaurants, and parks.
Fully leased property with a strong unit mix and a commercial lease in place until 2027, ensuring stable tenancy in a high-demand rental market.
Addition of plywood on the roof
Carpentry work on parapet walls
Replacement of roof membranes
The sale is made without legal guarantee of quality at the buyer's risk.
| Cadastral number | 2 003 390 |
| Total Municipal Assessment | $1,647,300 |
| Municipal Land Assessment | $794,600 |
| Municipal Building Assessment | $852,700 |
| Number of Storeys | 3 |
| Type of Building | Corner row building |
| Type of Construction | Brick and wood |
| Year of Construction | 1894 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | N/A |
| Land Surface Area | 2,592 sq. ft. |
| Laundry Room | No |
| Number of Units | 1 x 7.5 + 1 x 4.5 + 1 x 3.5 + 1 x 1.5 + 1 commercial unit |
| Washer/Dryer Inlet | Yes, in some units |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Internet available |
| Plumbing | ABS / PEX / COPPER |
| Condition of Roof | Elastomeric membrane (2019) |
| Condition of Doors | Good condition |
| Condition of Balconies | Wood and fiberglass |
| Concierge Agreement | N/A |
| Intercom and Doorbell | At the entrance of the units |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | PVC and aluminum windows - Good conditions |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | Hardwood, floating floors, ceramic, linoleum |
| yearly | $ / PI² | |
|---|---|---|
| Residential | $34,356 | $573 |
| Affordable res. | ||
| Commercial | $56,268 | $938 |
| Lockers | ||
| Parking | ||
| Laundry | ||
| Total revenues | $90,624 | $1,510 |
| Vac. / Bad debt | $2,719 | $45 |
| EGR | $87,905 | $1,465 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,956 | 4.5 % | $791 |
| Municipal Taxes | Current | $21,170 | 24.1 % | $4,234 |
| School Taxes | Current | $1,196 | 1.4 % | $239 |
| Insurance | Current | $8,838 | 10.1 % | $1,768 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.4 % | $250 |
| Maintenance | Normalised | $3,500 | 4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $879 | 1 % | $176 |
| Eau | Current | $495 | 0.6 % | $99 |
| Total expenses | $41,284 | 47.0 % | $8,257 | |
| Net Revenue | $46,621 | $9,324 |
| conv | |
|---|---|
| Maximum loan amount | $556,666 |
| Financing CAP | 6.28 % |
| Debt coverage ratio | 1.2 |
| Interest Rate | 5.0 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $46,621 |
| Annual Mortgage Cost | $38,851 |
| Net cash after mortgage | $7,770 |
| RETURN ON INVESTMENT | |
| Down Payment | $793,334 |
| Cash on cash return | 1.0 % |
| Return on liquidity + capitalization | 2.4 % |
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